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The current sections of Oriole Company's balance sheets at December 31, 2021 and 2022, are presented here. Oriole's net income for 2022 was $150,500. Depreciation
The current sections of Oriole Company's balance sheets at December 31, 2021 and 2022, are presented here. Oriole's net income for 2022 was $150,500. Depreciation expense was $28,000. 2022 2021 Current assets Cash $107,500 $97,200 Accounts receivable 78,300 87,200 Inventory 169,000 172,100 Prepaid expenses 26,200 22,000 Total current assets $381,000 $378,500 Current liabilities Accrued expenses payable $14,400 $8,100 Accounts payable 85,700 95,900 Total current liabilities $100,100 $104,000 Prepare the operating activities section of the company's statement of cash flows for the year ended December 31, 2022, using the indirect method. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis eg. (15,000).) Oriole Company Statement of Cash Flows (Partial) Indirect Method $ Adjustments to reconcile net income to $ Adjustments to reconcile net income to > $
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